· What loan programs do you offer?
· What types of properties do you fund, and what properties do you prefer?
· What underwriting criteria is more important - borrower credit or the real estate?
· How do you handle ordering appraisals?
· What is the lender's approval process? loan committee? timing?
· Do you offer recourse or nonrecourse loans?
· What is the maximum loan to value ratio for each product type?
· What is your maximum loan amount on any one transaction as well as the maximum loans to any one borrower?
· What is the maximum loan to cost ratio when dealing with construction?
· What preleasing requirements do you have for construction?
· What debt-service-coverage ratio do you require for the different product types?
· What are your loan fees and closing costs?
· What type of prepayment penalty programs do you offer?
· What types of third-party reports do you need and what do they cost?
· What is your geographical lending area?

Call me, John Lloyd, to discuss any questions you may have regarding finding the lender thats right for you.

MBA (8/9/2007) Murray, Michael

A down housing market can make the multifamily market look good, and a report from Princeton, N.J.-based NAI Global is making the sector look ripe for construction.

The report,U.S. Multifamily Market Poised for Long- Term Growth, said population growth and an aging multifamily inventory will drive demand for new supply in the next 14 years with new developments and rehabilitation of existing properties. It forecasts construction of nearly 2.5 million to 3 million multifamily units-180,000 to 215,000 per year through 2020-based on population growth.

Staying on task not only makes you more productive, it also boosts your self-esteem. Choose one area of your life where you could be more disciplined.

Example: Resolve to read 10 pages a day of a best-selling business book. Keep at it until you finish the book. By consistently doing the right things, you not only get more done, you feel better about yourself.

- Adapted from "How to Boost Your Self-Esteem," Dave Anderson.

Cornerstone Commercial Mortgage specializes in commercial real estate finance. We act as mortgage consultants, focusing on providing the appropriate financing solutions for each client. We work with investors and developers on all product types from land loans to permanent loans providing the best financing option available.

John P. Lloyd, President/Owner
Phone: (619) 293-3919
Cell: (702) 379-3468
Email: john.lloyd@cmlv.net

"No man can always be right. So the struggle is to do one's best, to keep the brain and conscience clear, never be swayed by unworthy motives or inconsequential reasons, but to strive to unearth the basic factors involved, then do one's duty." -

Dwight D. Eisenhower